Archive: Alicia H. Munnell
A mix of tolerable benefit cuts and realistic revenue increases would make everyone better off. In early January, Social Security’s Chief Actuary released estimates of a comprehensive proposal to restore long-term balance to the program. The request for this estimate was submitted by Rep. Steny Hoyer (D-MD), but the proposal was constructed by Wendell Primus,…
Looking to the underlying problem — uncovered state and local workers. Every analyst who knows anything about Social Security agrees that the Social Security Fairness Act, signed by President Biden on January 5, is a terrible piece of legislation. It simply gives away money to some state and local workers – those who will now…
